How Will the Fed’s Decision Impact Emerging Markets?
UBS investment teams have declared that the global economy will continue to grow slowly, with emerging markets picking up in 2014.
Search results for: Federal Reserve
SEC: How to Limit Systematic Risk in Financial Markets
Revamping ratings agencies, volatility “speed bumps,” and robust IT: Regulator head Mary Jo White testifies on mitigating risk, SEC-style.
Canada Overdue for New SWFs, Says Report
The Great White North needs more than its current two sovereign wealth funds to shelter and grow its resource wealth, a report argues.
Abu Dhabi, Dutch Pensions, SWFs 'Defrauded' Out of Millions on BNY Mellon FX Trades, Lawsuit Alleges
The US Department of Justice has brought a case against BNY Mellon alleging it cheated customers on foreign exchange services, leading to revenues of more than $1.5 billion from some of the largest institutional investors worldwide.
Reluctant Voices
From aiCIO Magazine's February Issue: State Street's transition management problems have been revealed, but ConvergEx will soon take the lead as the posterboy for the industry's misdeeds. Reported by Kip McDaniel and Elizabeth Pfeuti.
PBGC: American Airlines Has Failed to Prove Reasons for Pension Termination
As American Airlines announces plans to drop its defined benefit pension plans, the Pension Benefit Guaranty Corporation (PBGC) warns of the implications.
Cali. Insurance Commissioner Still Permitted to Oversee State's Iran Biz
Newly settled litigation allows California’s top insurance regulator to keep tabs on the state's insurers’ investments in companies doing business in Iran.
PBGC: American Airlines Is Misleading Employees Over Pension
"American Airlines is telling their workers and retirees not to worry, but they should," the Pension Benefit Guaranty Corp. said in a recent statement on how the bankruptcy of American Airlines will impact its pension.
DiNapoli Proposes National Commission to Address Retirement
Thomas DiNapoli, the New York state comptroller and sole trustee of the $147 billion New York State Common Retirement Fund, has suggested creating a national commission “to talk about ways to maintain existing defined benefit plans.”
Faced With Flurry of FX Suits, BNY Mellon Proposes New Pricing Model
Responding to accusations by state and federal officials of defrauding public pension funds of foreign exchange transactions, BNY Mellon is offering its clients an alternative pricing model.
Indiana Pension Forced to Divest From Sudan Over Human Rights Violations
The state of Indiana is working to divest itself from companies which do business in countries labeled as state sponsors of terrorism.
PBGC Opposes Friendly's Attempt to Rid Itself of Pension
Officials at the Pension Benefit Guaranty Corporation have asserted that they'll fight efforts by Friendly Ice Cream Corp. to shed its pension plan during Chapter 11 bankruptcy restructuring.
In Merrill Mortgage-Backed Securities Lawsuit, Judge Certifies Class-Action Status
On behalf of at least 1,800 investors, a federal judge has ruled that Bank of America's Merrill Lynch unit faces a group lawsuit over its mortgage-backed securities.
CalPERS Cuts Investment Ties with Iran, Sudan
The nation's largest public pension fund is slashing its investment associations with Iran and Sudan, fully complying with state divestment laws passed in 2006 and 2007.
Open Up. It's the FBI.
From aiCIO Magazine: Between stepped-up enforcement and the host of new regulations promised by the new financial reform law, is it time for large asset owners to start rethinking the way they invest in alternatives?